Up 1,500% in 2 years! This multibagger smallcap hits 5% upper circuit post Q4 results

Smallcap firm Servotech Power Systems witnessed a 5% rise in shares after reporting a 363% increase in net profit at INR 6.05 crore ($812,537) for Q4 FY23, up from INR 1.30 crore in the same period the previous year. The company’s revenue from operations amounted to INR 115.3 crore in the March quarter, a YoY uptick of 125.8%, and other income surged to INR 4.67 crores as against INR 400,000 in Q4 FY22. Servotech Power Systems’ total revenue rose 134% YoY to INR 119.98 crore in Q4.